33 measures in 6 aspects! at a recent executive meeting of the state council, a package of measures was further deployed to stabilize the economy, bringing it back to the normal track and keeping it operating within a reasonable range.
the downward pressure on china's economy continues to mount due to unexpected factors such as the epidemic in china and the crisis in ukraine, and many market entities face difficulties in operating. xi urged the party to earnestly implement the decisions and plans of the cpc central committee, coordinate epidemic prevention and control with economic and social development, stabilize the overall economic market, and strive to achieve the annual development target.
to stabilize the overall economy, the key is to form a policy synergy for steady growth. prophase, the central economic work conference, the deployment of the seven major policy is rushing to fall to the ground, the meeting further deployment of 33 measures, involving financial and related policy, financial policy, industry chain supply chain, promote consumption and effective investment, energy security, protect the basic livelihood of the people 6 aspects, policy is broad, big strength, high precision, send a clear signal to further release policy synergy.
steady economic market, need "symptomatic medicine". we set aside all existing or incremental tax rebates in more industries, increasing tax rebates by over 140 billion yuan. we will double the amount and proportion of the small and micro loans supported by the pratt & whitney loan facility this year. restrictions on travel from low-risk areas will be lifted, and unreasonable restrictions on higher prices and fees will be lifted. we will do a good job of unemployment insurance, subsistence allowances and assistance to people in need... the package of measures adopted at this time will not only boost our efforts at the macro level, but also address the urgent needs of market entities and the people at the micro level. it will help accelerate the recovery of economic and social development.
the more critical the moment, the more confidence must be strengthened. in the face of complex domestic and international situations, the central committee of the communist party of china (cpc) has shown great vision and direction, and all departments and regions have taken on their responsibilities and vigorously implemented them. a series of policies that effectively coordinate epidemic prevention and control with economic and social development are gradually showing their effects. at the same time, relevant authorities are also working fast to plan incremental policy tools and intensify regulatory efforts. there are still sufficient tools in the regulatory policy toolbox, and we are fully equipped to effectively respond to risks and challenges and smooth out economic fluctuations.
to be sure, the impact on the chinese economy is still temporary and temporary. the sound momentum of sustained recovery will not change, nor will the fundamentals of china's strong resilience, great potential, ample room for maneuver and long-term sound growth. as long as we work together, work hard, implement various measures to maintain steady growth, pool strong synergy for maintaining steady growth, and continue to unleash endogenous driving forces, we will be able to bring the economy back to the normal track and usher in a better future after weathering the storms.
source: state-owned assets and administration commission of the state council